Talking Points …
- An index measuring economic confidence fell to a 10-month low, according to Gallup’s Economic Confidence Index.
- The index dropped to -14 last week, which was the lowest level recorded since last September. The index has been on a downward trajectory since late January when the index peaked at +5, which was the highest weekly score since Gallup began tracking economic confidence in 2008.
- Since mid-March, the index has consistently been in negative territory. Gallup’s index is the average of two factors: how the public rates the current economy and whether people feel the economy is improving or getting worse.